LME Inventory Update

FXStreet (Mumbai) - The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of all base metals viz. Copper, Zinc, Lead, Nickel and Aluminium.

Copper stocks decreased by 175 tonnes. While stock levels of lead deducted 1225 tonnes. Zinc and Aluminium stocks witnessed a drawdown of 2500 tonnes and 8450 tonnes respectively. While nickel inventories got subtracted by 810 tonnes.